Credit Cards Center Credit cards from our partners
Reply
Contributor
Posts: 100
Registered: ‎02-13-2012
0

Re: Discover Denial Score

From what I understand, myFICO scores are supposed to be helpful when you get a loan for a car or a house. CCCs use all kinds of weird scoring methods. When Chase mailed me my card they said they used their own proprietary scoring system. So for CCs I would take myFICO scores as a general guideline, but more accurate in general compared to FAKO scores.

Barclaycard Apple Financing (2100), Discover More (2500), US Bank Visa Platinum (2000), CFNA (2200), Chase Freedom (500), Capital One (1500), HSBC Platinum Master Card (750), Nebraska Furniture Mart (1000)
Frequent Contributor
Posts: 426
Registered: ‎07-21-2010
0

Re: Discover Denial Score


spengbab wrote:

From what I understand, myFICO scores are supposed to be helpful when you get a loan for a car or a house. CCCs use all kinds of weird scoring methods. When Chase mailed me my card they said they used their own proprietary scoring system. So for CCs I would take myFICO scores as a general guideline, but more accurate in general compared to FAKO scores.



+1,000%

-----------------------
My favorite card right now: Barclays Arrival Plus WEMC
Established Contributor
Posts: 1,048
Registered: ‎02-27-2012
0

Re: Discover Denial Score

That's incorrect. Discover does not use EQ FICO Beacon 5! The ones sold here are Beacon 5s. They use a different EQ FICO but I'm not sure which one. I called to ask when they sent me my approval letter because my EQ Beacon 5 FICO was 729 but the EQ FICO they sent was 680s. They wouldnt tell me which version they use. There has been threads about this that you can search
AMEX: $0/$25,000, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$6000, Barclays NFL: $0/$7000 Discover: $0/$14,000, Citi Dividend: $0/$3500

EQ FICO - 728
TU FICO - 743
EX FICO(AMEX) - 712
Contributor
Posts: 100
Registered: ‎02-13-2012
0

Re: Discover Denial Score

The letter definitely tells you what scoring they used. It definitely said Beacon something....

Barclaycard Apple Financing (2100), Discover More (2500), US Bank Visa Platinum (2000), CFNA (2200), Chase Freedom (500), Capital One (1500), HSBC Platinum Master Card (750), Nebraska Furniture Mart (1000)
Frequent Contributor
Posts: 450
Registered: ‎04-26-2012
0

Re: Discover Denial Score

I just got my letter from Discover. It does list an EQ score different from the myFICO EQ score for me as well. Do they send one to everybody? I thought CCC only sent it when you didn't get the best terms. (I didnt?) It doesn't list details other than you were approved and here is your score and a bar chart for reference.

PenFed Platinum Cash Rewards (19.5k), American Express Blue Cash Preferred (18k), Chase Sapphire Preferred (14k), Discover More (10k)
Established Contributor
Posts: 726
Registered: ‎05-12-2012
0

Re: Discover Denial Score

[ Edited ]

Yah, I've read the letter back to front, front to back, it definitely doesn't say which EQ FICO they use, it just says Type of Credit Score used was FICO, and that they acquired it from Equifax


border="0" align="left" width="450" height="90">
Valued Contributor
Posts: 1,993
Registered: ‎04-07-2009
0

Re: Discover Denial Score

Does the leter indicate the scre range? If the high end of the score is 950  it is the enhanced Beacon 5.0 most likley the bankcard model.

Equifax My FICO score 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011
Frequent Contributor
Posts: 450
Registered: ‎04-26-2012
0

Re: Discover Denial Score


AndySoCal wrote:

Does the leter indicate the scre range? If the high end of the score is 950  it is the enhanced Beacon 5.0 most likley the bankcard model.


Mine says 300-850. There's nothing to indicate what type of EQ score it is.

PenFed Platinum Cash Rewards (19.5k), American Express Blue Cash Preferred (18k), Chase Sapphire Preferred (14k), Discover More (10k)
Established Contributor
Posts: 726
Registered: ‎05-12-2012
0

Re: Discover Denial Score

The score range shown on mine says 300 to 850


border="0" align="left" width="450" height="90">
Regular Contributor
Posts: 188
Registered: ‎06-17-2011
0

Re: Discover Denial Score

Any one come across a definitive answer to exactly what EQ scoring model Discover uses?

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.